{"id":51348,"date":"2025-02-20T13:54:05","date_gmt":"2025-02-20T08:24:05","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=51348"},"modified":"2025-02-27T16:40:36","modified_gmt":"2025-02-27T11:10:36","slug":"reassessment-proceding-u-s-148-of-the-it-act","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/reassessment-proceding-u-s-148-of-the-it-act\/","title":{"rendered":"REASSESSMENT PROCEDING U\/S 148 OF THE IT ACT"},"content":{"rendered":"<p>Sir in my client case IT dept got an information during a search conducted at the premises of the supplier from whom my client used to purchase goods that my client had made a payment of Rs. 863000\/_ to the supplier in cash for payment of goods, hence to verify the same case of my client re opened and now has alleged that why this as much amount of cash payment shhould be added in income u\/s 69C of IT Act. however during reassessment proceding my client had furnished all the bills and copy of a\/c of supplier alongwith bank a\/c statement in which no such cash payment of goods is being found by the AO, SO MY QUERIES- Weather only on the information of third party reopening was valid? if not pl provide me some case Laws to agitate the reasons.<\/p>\n<p>secondly whether the AO can treat it under the given circumstances as unexplained expenditure u\/s 69C\u00a0 while AO having not found anything wrong from the examination of books of my client. if no pl provide me some case Laws also to support my argument.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1275],"qa_category":[23],"qa_tag":[136],"class_list":["post-51348","qa","type-qa","status-publish","hentry","qa_expert-law-intern","qa_category-income-tax","qa_tag-reassessment"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/51348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=51348"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51348"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=51348"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=51348"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=51348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}